BEENLEIGH UPDATE

President & editor: Colin Law. VP: John Walter.

Secretary: Anne Law. Ph/fax 07-55462571.

Treasurer: Fred Pitt, ph. 07-38040061

Next Beenleigh Branch meeting: Wed 20^th August at 3pm. 1a John Lane, Beenleigh

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SECURITY ON THE STREET,IN THE HOME, IN RETIREMENT.

The Commodity Futures and Trading Commission (CFTC) is investigating trading in oil futures to determine whether the surge in prices to record levels is the result of manipulation or fraud.

They might want to take a look at wheat, rice and corn futures while they’re at it.

The whole thing is a hoax cooked up by the investment banks and hedge funds who are trying to dig their way out of the trillion dollar mortgage backed securities (MBS) mess that they created by turning garbage loans into securities. That scam blew up in their face last August and left them scrounging for handouts from the Federal Reserve.

Now the billions of dollars they’re getting from the Fed is being diverted into commodities which is destabilizing the world economy, driving petroleum prices to the high moon and triggering food riots across the planet.

For months we’ve been told that the soaring price of oil has been the result of Peak Oil, fighting in Iraq, strikes on oil facilities in Nigeria, labor problems in Norway, and the all-time favourite growth in China. The latest is Bush’s planned attach on Iran because they dare to sell petrol for 4 cents per litre and diesel for 3 cents per litre and are investing the profits to supply cheap electricity from atomic power.

It’s all baloney. Just like Goldman Sachs prediction of $200 per barrel oil is baloney. If oil is about to skyrocket then why has G-Sax kept a neutral rating on some of its oil holdings like Exxon Mobile?

Could it be they know that oil is just another mega-inflated equity bubble like housing, corporate bonds and dot. Com stocks-that is about to crash to earth as soon as the big players grab a parachute.

The price of oil has more than quadrupled since 2001, from roughly $30 per barrel to $126, without any disruptions to supply... There’s no shortage; its just gibberish.

As far as "buying on margin" consider this summery from author William Engdahl:

"A conservative calculation is that at least 60% of today’s $128 per barrel price of crude oil comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE Futures and New York NYMEX futures exchanges and uncontrolled inter-bank or Over-The-Counter trading to avoid scrutiny. US margin rules of the government’s Commodity Futures Trading Commission allow speculators to buy a crude oil futures contract on the Nymex, by having to pay only 6% of the value of the contract. At today’s price of $128 per barrel, that means a futures trader only has to put up about $8 for every barrel. He borrows the other $120. This extreme "leverage" of 16 to 1 helps drive prices to wildly unrealistic levels and offset bank losses in sub-prime and other disasters at the expense of the overall population."

Fuel prices are really hurting Australians but our Prime Minister claims he is unable to do anything about it. Maybe he is right because his masters that control both the major political parties will not allow any thing to disrupt their gravy train.

Ref: "The great Oil Swindle" by Mike Whitney.

Rising fuel and food prices have led to sticker shock at supermarkets here and in the US, but the situation is even worse in the underdeveloped world. There have been food riots in Cameroon, Burkina Faso, Bangladesh; export restrictions have been instituted in India, Egypt and Vietnam; rationing has been imposed in Pakistan and is being considered elsewhere. As many as 37 nations face food crises, says the UN Food and Agriculture Organisation.

The suffering is real; at home in Australia families have to decide between filling up the fuel tank to get to work and feeding their kids. Private truck operators and farmers are facing bankrupts as the endeavour to pay their fuel bills.

The government was elected on a lie, as they are part of the scam to fleece the people with scams such as peak oil, parity pricing, and Kyoto.

The current shortages and price disruptions are not accidents: they were predictable.

Consider the government subsidies dished out for ethanol and other biofuels, accompanied by user mandates. These measures were said to be necessary reactions to the climate scam and over-dependence on foreign oil supplies. Leaving aside the fact that there is a world glut of petroleum, the responses exacerbate the problem.

Washington’s style of assistance was well summarised in the Houston Chronicle by Ben Lieberman, who noted: "Thus far, help has come in the form of measures that have backfired and boosted prices, like the mandate that ethanol be added to the petrol supply. Ethanol increases the cost of driving-which shouldn’t really come as a surprise. After all, if it were cheaper, the government wouldn’t have to mandate it in the first place. Plus the diversion of corn from food to fuel use has raised the price of corn as well as many related items, like corn-feed meat and dairy. Ethanol is also heavily subsidized, to the tune of more than $1 per gallon. This year, the law requires 9 billion gallons be used, rising to 36 billion by 2022. So we taxpayers are paying for the privilege of higher fuel and food costs, and these costs are headed higher along with the mandate."

Trying to generate more energy for vehicles through artificial incentives has resulted in less food for people. The producers of ethanol, fuelled by government subsidies and mandates, removed about 550 billion pounds of corn from the market last year to manufacture fuel.

Driven by the enhanced demand, the price of corn has popped skyward-up 300 percent since 2005.

But wasn’t ethanol going to be the panacea? That was how it was sold by the media, but they failed to mention who is diving the peak oil scam and the fact that the US and Australia is awash with petroleum and gas, indeed there is a world glut.

Much is spoken about alternatives, but no mater what it is or what the cost unless governments can tax it and the Zionist oil barons can make a fortune it is not permitted.

We have an excellent formula for bio-diesel which many are using, this involves recycling waste cooking oil and costs about 25-30 cents per litre, but the government is doing its best to stamp it out.

Autogas is the cleanest and cheapest and renewable alternative, we currently export it for a few cents per litre, but due to a greedy government and the parity pricing racket we are paying over 70 cents per litre for our own gas.

Thanks to Kevie’s promise not to increase fuel prices the price of petrol & diesel is fast approaching $2 per litre. The breakdown of the costs are as follows:

1. Cost of crude oil plus resource tax rental $ 0.08

2. Refining distribution & retail margins $ 0.30

3. Parity pricing, excise & GST & carbon tax $ 1.62

The governments tax grab accounts for most of the price, but Kevie’s claims that he cannot do anything about it. However according to the constitution he has the power and the responsibility. But think for a minute maybe he is telling the truth, as it is rumoured he never took the oath of allegiance thus he is not responsible to the people of Australia but do his instructions come from the CFR?

Much is being made of hybrid petrol/electric cars as the media continues to promote the peak oil scam.

Numerous councils & utilities & a few private owners have fallen for the scam of replacing their normal petrol, and diesel vehicles with petrol/electric hybrids. They do nothing to reduce pollution & cost more & therein lays the problem. It may take decades to recover fuel savings. Hybrid technology is not new it was used to replace steam on our railways remember the diesel electric locomotives which worked well back in the days before diesel fuel became so expensive. In many countries especially Europe high speed electric trains have replaced diesel electrics thanks to the efficiency and lower cost of atomic electricity, but they don’t rely on costly bulky lead acid batteries to store electricity. Many Australian motorists and most taxis & light commercial vehicles have converted to petrol/Autogas hybrids.

Several new light cars, costing up to $16,000, can deliver comparable fuel consumption at a lower entry cost than more expensive petrol/electric hybrid cars.

But have we lost the plot: Tata have just released their NANO a low cost fuel efficient car, that gives over 50 miles per gallon on plain standard fuel and sells for around $2500, less than the cost of the anti-pollution equipment necessary for vehicles running on ULP. This has been achieved through good design instead of saddling a poorly designed engine with expensive equipment. Interestingly the Nano cost less than the battery pack replacement in a petrol/electric hybrid vehicle.

Based on the average annual use for an Australian car of 20,000km & Australian standard fuel consumption figures quoted by manufacturers, it could take up to 100 years to recoup the added cost of buying a petrol/electric hybrid when compared with a $15,000 economical conventional car.

If a motorist travels 20,000km in the lowest-priced petrol/electric hybrid at $32,000 it will use about 920 litres of fuel that would equate to $1104 based on fuel prices of $1.20 a litre. For an equivalent distance in the higher-priced petrol/electric hybrid at $37,000, motorists would consume 880 litres at an average cost of $1056 a year.

A conventional modern light car will average 1140 litres of fuel for the year, costing $1360.

With fuel savings of $264 & $312 annually for the two, it is clear the scales are tipped in favour of the conventional car. It means the petrol/electric hybrid car would need to be driven for 68 years before it equalled the average light car’s cost effectiveness.

The case for the light cars become stronger compared to top-of-the-range petrol/electric hybrid models this comparison pushes out the break-even point to over 100 years. Then there is the high maintenance cost of petrol/electric hybrid vehicles to be considered.

If the emission side of the equation is considered as well as running costs, then Autogas (LPG) is the only way to go even allowing for the $2-3,000 conversion costs, which are normally recouped in 30,000km. From then on it is half price fuel costs, & nearly zero harmful emissions.

The question is why is so much money wasted on petrol/electric hybrid vehicles & other nonsense so called alternative fuels such as ethanol when Australia is awash with gas?

Why are thousands of tons burnt off into the atmosphere everyday?

Why is the government deliberately obstructing the release of the latest of the new direct injection Autogas technology that offers fuel efficiency far greater than the 30% claimed by petrol/electric hybrids without the power losses?

We consume about 2 million tonnes per year & export many times more at less than 3 cents per litre.

Maybe its more to do with greed than common sense, India has taken control of its energy resources and with the use of new deep drilling technology many new oil fields are coming on line. By producing standard fuel they obtain more from a barrel of oil at their refineries, whilst good engine design provides efficiency, economy and reduces pollution levels. India also escapes the carbon tax scam. Whilst the big two auto manufacturers struggle to survive the fuel price scam, Indian manufacturers such as Tata are expanding and have recently bought the Jaguar car company from struggling Ford.

The media in Australia and motoring organisation refuse to expose the truth on fuel prices, maybe most are sponsored by oil companies with vested interests?

Of course councils & governments will waste money on petrol/electric hybrid vehicles. The government slush funds continue to rake in $billions at the expense of the Australian motorist this year, whilst families struggle to feed the kids & pay the rates.

Fuel prices in OPEC oil producing countries are well under 10 cents per litre & last week they announced a further 25% reduction in prices.

ON, CL wk 19-06, rev.wk 24/08

Extracts from an article by Alan Caruba.

"Hating so-called "fossil fuels." With a passion, the environmentalists have perpetuated every deception possible, and among them, is the notion that Americans can avoid destroying the earth if they just fill up the tanks of their automobiles with ethanol."

"As I have pointed out in the past, the world is not running out of oil."

"Instead of pandering to the greens’ obsession over fossil fuels, the US should be developing its known oil and gas supplies, in the west and Alaska where more than half the land is under federal control. According to the US Interior Department, estimates 187 trillion cubic feet of natural gas and 21 billion barrels of oil."

"That’s enough to supply all of America’s households for the next 39 years, and is comparable to more than 30 years of current imports from Saudi Arabia. Whilst the Democrats procrastinate over ethanol, 51% of oil and 27% of gas reserves remain off limits."

There are many reasons why ethanol is not the answer to our need for gasoline to fuel our automobiles. Here are just a few:

Ethanol provides about 34% less energy output than petrol. Thus the miles travelled per gallon on ethanol are greatly reduced.

Ethanol increases the price per gallon by 20 to 80 cents and, at the same time, requires more stops to refuel.

Ethanol is so corrosive it must be transported by truck or rail because it will damage pipelines. The January 29 issue of Business Week reports, "Auto fuel that contains more than 10% ethanol is too corrosive to use in existing petrol station pumps," Imagine what it does to the engine of your automobile?

Ethanol, when transportation, refining, and farming costs are factored into its production for fuel, provides negligible energy gains.

Ethanol receives a 51% per gallon tax credit and mandates for its use have driven the price of corn to 10-year-highs. This increases the cost to feedlot owners who feed corn to cattle and pigs, forcing the price of these food stocks to rise.

Ethanol production has doubled from 2001 to 2005, and could double again by the 2008 harvest season, providing fifteen billion gallons of approximately 6% of US auto fuel needs. Let me repeat that, 6%! And all the time this is occurring, the price of everything else that involves corn production goes up with no appreciable increase in energy value.

Finally, since US corn accounts for one-fourth of all grain exports, a rise in price "could create food riots in low-income areas around the world."

It is an energy debacle of enormous proportions and it exists because global warming doomsayers in Congress have imposed the worst possible "answer" on everyone and are likely to compound that mistake knowing that most Americans haven’t a clue about the true facts."

Note: Congress in the US and the two party system is controlled by the CFR. These people control world oil and are making huge fortunes from maintaining the high prices.

They promote the myth of shortages and the need for expensive so-called alternative from which also adds to their fortunes. However they keep the true facts that petroleum products now have no fossil trace and have proven to be a renewable source of energy.

They block the use of cheap clean inexpensive Autogas, whilst they promote climate change and blame harmless carbon dioxide that is necessary for plant life and rainfall but never mention sulphur dioxide and all the deadly aromatics that they add to their petrol.

Yes unfortunately the average Australian is as ignorant as his American counterpart.

Its time to wake up and get the light. Check out One Nations Policies on energy.

In last months update we used abbreviations in the article about aboriginals being used as pawns by foreign interests to grab our land and resources in Cape York. This was not meant in derogatory terms and is in fact used in their own news paper.

We wish to clarify the current political miss-use of our language.

"Indigenous" came from Latin, indigena, literally ‘born in’ one who was born in this country. I.e. a native of Australia

1. ‘Being the place or environment in which one was born’, this included all native born of Australian parents. Aboriginals, including the multitude of Anglo-Saxons whose ancestry can be traced as far back as the First Fleet.

But in these politically-correct times the term "indigenous" has been misappropriated by the aboriginal industry and those with an agenda to divide the country.

One Nations policy is of equality for all indigenous and new Australians who have sworn the oath of loyalty to Queen and country.

Good riddance to bad rubbish, but they leave us with a legacy of the GST and inflated prices on diesel fuel due to the deals they did with Howard to get the GST approved. They also destroyed the Tasmanian economy by putting an end to cheap hydro-electricity.

Thank God that they are gone.

Most were amazed at the sudden demise of Premier Beatty and efforts of the labor party to distance itself from him. Good rumour has it that it involved a rose and thorn (thorns can insert a nasty prick). The rose kept the proof of the entanglement and has had them DNA tested for proof.

The question is will it get to court or will a lucrative deal be done at tax payer expense?

ABC News 25/6/08: Muslims in Australia are attempting once more to break down Australian laws and traditions by demanding the introduction of Islamic laws that allow them to have Harems.

ABC News 26/6/08: South Pacific Tyre Company announced its decision to close the Somerton plant in December when 600 workers will lose their jobs.

South Pacific manufactures Dunlop, Goodyear and other Australian made tyres. Carbon is a major factor in the tyre industry which means that the company needs a capital investment of more than $150 million to upgrade the plant to comply with Krudds carbon tax scam. The industry is now forced to switch manufacture to China which is not involved in the scam

The repercussions are tremendous not only have 600 jobs been directly lost but it will also impact on what little is left of Australian industry.

This is also a major blow to Australia’s defences, as modern defence forces can go nowhere without tyres. Who would be stupid enough to hand over this vital aspect of defence to a communist country such as China?

Only China-boy Krudd would undertake such a treasonous action, he has never worked a day in his life; they recruited him at Uni when he was studying Chinese. He was sent to the Australian Embassy in Beijing. On his return he was trained in running a government by Wayne Goss where he was Chief of Staff to the Qld Premier.

Since being elected as Prime Minister on false promises, he has only given us huge increases in fuel and food prices driving many Australian families into poverty and bankrupting businesses.

Whilst Australians starve he sells our vast coal, oil & gas reserves to China at cost price and inflicts a raft of taxes including parity prices on us for our own fuel.

To hammer home the final nail in the coffin to our industries he signs up to the Kyoto scam a tax on harmless carbon dioxide to fund UN Global world government.

The Australian Constitution forbids the signing of foreign treaties unless they are approved by the Australian people at a referendum, but if as is rumoured Krudd never signed the oath of allegiance so he has no responsibility to the crown, constitution or Australians.

The Krudd Governments Fabian Socialist objectives have run down our defence forces equipping them with coal age equipment and antiquated diesel submarines, shut down all our defence support industries either exporting them to Communist China or contracting them out foreign Zionist companies.

With out tyres and ammunition and fuel priced out of the budget how can our meagre defence forces defend us?

New Delhi, 4^th July: According to various reports, India is currently building three domestically-designed nuclear submarines under a top-secret advanced technology vessel (ATV) program. In the mean time financed partly by India under a secret deal signed with Russia in January 2004, they will lease the new 12,000-ton Akula-11 class nuclear-powered attack submarine that has been built at the Komsomoisk-on-Amur shipyard in Russia, and will be commissioned with the Indian navy as INS Chakra.

India may later opt to fit it with domestically designed long range nuclear-capable missiles.

The first of the three domestic nuclear submarines is expected to begin sea trials by mid-2009.

Ironically whilst the Australian government has been dismantling our defence manufacturing capability India has been doing the opposite. They have built a large nuclear industry which combined with new coal and deep oil drilling technology will eventually enable them to become completely self-sufficient. They financed it with barter type deals to avoid being indebted to the IMF and kosher bankers, and have refused to sign up to the Kyoto scam and other harmful UN treaties.

Spectators at petroleum exchanges in New York City, London, and Singapore relentlessly drive up the price of a barrel of oil to ever higher levels. These speculators are nothing but underhanded Transnational Zionist thieves manipulating "demand" for oil within the context of demand and supply fundamentals.

Speculators play a chief role behind high oil prices. Other tensions also force up the price such as Bushes war in Iraq where 2.3 million barrels of oil are stolen everyday. Threats of aggression against Iran and Venezuela also contribute significantly to the problem.

When we talk about the real demand for oil, we’re talking about the numbers of barrels of oil the world economy needs every day in order to run.

That number is more or less about 87 million barrels per day. So, 87 million barrels per day, more or less, is what the world, at the moment, really "demands" on a daily basis.

87 million barrels a day is more or less what the world produces or supplies because of what the world really asks for.

Enter the Transnational Zionist thieves… mostly investment banks, hedge funds, oil companies, other institutional investors, and some individual players… operating through floor traders at three major petroleum exchanges (new York Mercantile Exchange, London Petroleum Exchange and Singapore Stock Exchange).

These thieves submit orders for oil to these exchanges. These orders are called, among other things, "futures" and they represent at least 15 times greater volume than what the world really "demands" or wants; thus artificially creating a staggering but bogus imbalance between supply and demand for oil.

This multiple of about 15 is not real demand; rather it is a phoney "paper" demand, creating an illusory imbalance between supply and demand, pumping up the price of oil.

15 x 87 million bpd = 1,300,000 bpd.

So on "paper", the three petroleum markets are "demanding" 1.3 million barrels everyday when the world only needs or demands 87 million barrels a day – and the price of a barrel soars.

If the world could or would produce 1.3 million barrels a day, the world would drown in oil. There would be no place to put it.

This oil scam demonstrates the irrational of the so-called "free" market, but the Transnational Zionist make a killing everyday in this "free" market for oil.

Goldman Sachs is perhaps the biggest and most aggressive Zionist thief among the investment banks. Exxon-Mobil, of course, is the biggest among the oil companies.

Thousands of hedge funds managing capital for the wealthy are running amuck in the oil market. Many of them have of late, suffered catastrophic losses with mortgage-back securities like the so-called "subprimes". Others have fallen through the floor with unbelievable losses in currency trading. So, they look to oil swindles to recoup some or all of their unbearable losses.

Once again, the scam with oil futures and other related financial instruments is sometimes called "speculation" in the oil market.

To get away with the scam, the Zionist thieves tell the media to spread lies, blaming OPEC for the imbalance between supply and demand for oil.

Their friends in the Zionist media blame the prices on production cutbacks. They also tell an assortment of lies about China and India using too much oil or other fabrications the media cooks up itself.

We are constantly bombarded with media lies to justify the peak oil or carbon tax scam designed to fatten the greedy Zionist coffers.

Ref: Arthur Shaw ‘Axis of Logic’

ABC News 30/6/08: Krudd changes tune, carbon tax is now emissions trading.

The tax still applies to harmless carbon (CO2) other harmful emissions such a nitrous oxides and sulphur dioxide are not part of the equation.

Definitely no mention of the dangerous aromatics that have replaced harmless lead in our ULP, these are Dimethyl benzene, Mesitylene, Toluene, Xylene and Benzine all of them are declared carcinogens and will cause leukaemia and other cancer related illnesses.

Never any mention of these dangerous emissions as there is no concern for public health or the environment.

Its all about tax and greed, the carbon tax is purely to fund the global world government agenda of the UN. Kosher bankers and brokers also rip off up to 45% commission on carbon trading.

With the world economy on the edge of collapse the Queensland Bligh Government has done its bit to add to the situation. From July 1^st Queenslanders will be hit with a raft of vicious new taxes including road and bridge tolls, motor vehicles, boats, water, electricity and rates.

Virtually all the essentials are included, hardest hit are seniors on fixed incomes that have been reduced by the huge loses of super funds.

The climate is always changing and will continue to do so no matter what Communist Chinese sympathizers Garnaut and Minister Wong say or do about it. (They have not advised China to destroy their economy by signing up to the carbon tax scam).

" Already we are seeing the costs associated with misguided policies designed to reduce Global Warming: a world shortage of food caused by diversion of land from food production to ethanol; power shortages and blackouts as power stations construction is deferred ; soaring prices of gas as people are coerced to convert from one carbon fuel to another; shortages of refined diesel and petrol as refinery construction is delayed or kept in mothballs; and instability and losses in financial markets concerned about the future cost of travel, transport, energy and food."

"but nowhere have we seen estimates of the total of all the taxes, disruptions, shortages, costs increases and necessary investments associated with all the emissions permits, ration coupons, energy mandates, trading schemes, quotas,

Bureaucracy and approvals."

Adding proof to the whole energy tax scam, callers to ABC programme "Australia all Over"

Revealed despite being short shifted the waste of millions of cubic feet of clean harmless emission free gas. Due to supplies being far in excess to consumption and storage it is burnt off into atmosphere at refineries and oil fields.

Rather than reduce prices it is government policy to destroy it.

The media has been running a well orchestrated campaign to promote the carbon tax scam.

In coming weeks you can look forward to the government spending $millions of our tax’s to justify the scam, globalization and world government.

Remember Australia is a sovereign nation, our politicians are supposed to represent the people not UN world government, kosher bankers and brokers.

To ensure that Australians benefit from our vast natural resources we must say no to world government and withdraw from the UN.

"No democracy will accept the costs and disruptions envisaged to achieve the fairy land goals for cuts in emissions of harmless essential carbon".

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